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-The Figure Above Shows the Australian Demand and Supply Curves

Question 15

Multiple Choice

-The figure above shows the Australian demand and supply curves for cherries. Suppose the world price of cherries is $2 per kilogram. At this price, Australian consumption of cherries will equal A) 0 kilograms. B) 200,000 kilograms. C) 800,000 kilograms. D) 600,000 kilograms. E) 400,000 kilograms.
-The figure above shows the Australian demand and supply curves for cherries. Suppose the world price of cherries is $2 per kilogram. At this price, Australian consumption of cherries will equal


A) 0 kilograms.
B) 200,000 kilograms.
C) 800,000 kilograms.
D) 600,000 kilograms.
E) 400,000 kilograms.

Correct Answer:

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